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of the big deal, speaker boehner has suggested to sunset upper income tax cuts that tax code would be rewritten but last night he told president obama and called it off. he released a written statement that read in part, white house will not pursue a bigger debt reduction agreement without tax hikes. best approach may be to focus on producing a smaller measure. they suggested the disappointing jobs report in june was a game changeser. >> it ought to insent visa us to do a big package without raising taxes but we're hoping the president is not thinking he was as six months ago and he was making the arguments that raising taxes in the middle of this recession or slowdown, whatever you want to call it was a bad idea. >> reporter: secretary geithner says $2.5 trillion out of spending alone would unfairly impact the elderly and middle-class and also be bad for the economy and slow down job growth. >> heather: we'll see what happens. thank you very much. >> gregg: the clock is ticking for a debt limit deal to be struck and maybe faster than many people think. white house aids say a deal
passed by unanimous consent in the senate. >> the big difference is we have a much, much more ideological and left wing liberal president now than we had in bill clinton who was much more practical about this. president clinton acknowledged and accepted the proposition that we ought to get on a path to a balanced budget. >> liberals with long memories cite the degree to which the house speaker, newt gingrich then, john boehner today, exercised control over their own caucuses. scot lilly, now a senior fellow at the center for american progress, argues gingrich could more easily forge a deal because gingrich was more involved than boehner in recruiting the freshmen. >> he was timetable bring them along. he was part of their revolution in a way. speaker boehner is seen, i think, within the conference as a more moderate voice. i think he's not as trusted by the conservative elements within his -- within the republican conference. >> analysts also cited the rise of the internet, which serves some say to inflame opinion on both sides and make compromise more difficult, and the economy. the unem
with the story. and helping out ordinary folks . they are going to be tied when it comes . to get out of the big hole we are in, he will go after waste and tax breaks and nothing is off of the table. it would be nice if we can and it is millionaires and billionaires and are for hedge fund managers and corporate jet owners and oil and gas companies pulling in huge profits without our help. we'll have to make deeper cuts somewhere else. republican senator dan coats . mitch daniels said the government should follow daniel's lead. he turned things aroundd by cutting taxes . paying down debts . get it focused on. >> the president and democrats in congress recognize that their game plan is not working. it is time to acknowledge that more government and higher taxes is not the answer to our problem. it is time for bold action and a new plan to address our current crisis. >> and since it is the 4th of july weekend. both touched on the american spirit. senator coats wanted to make sure that the country is in good enough shape . all sides need to harness their love for the country and that we are going to
: that is not the problem. the problem is the mentality of people saying, monica, the government owes me. how big a problem do you think that is? >> entitlements are narcotics. this is why the left loves to expand the entitlement program in america and they instituted a massive new program called obama care which is essentially socialized medicine. once people get aticted to the narcotic of the entitlement, social security, medicare, medicaid, we have a whole array of entitlements, you get addicted to it, it is difficult to take it away. >> bill: what is the government's responsibility in bad economic times to feed people through food stamps. they have explode. >> we have 47 million americans now on food stamps which is a record breaking number that is heart breaking. >> bill: is that a nasca narco. >> we is so many drk including the food programs and benefits for the poor. >> bill: is that a narcotic? >> i will tell you why. it creates a culture and pattern of victimization. >> most people want to work and do not want a handout. most people want to compete and be in the game. they don't want to sit back a
run. and the jail release that has people across the u.s. and around the world asking what one big. i'm harris falkner, this is the fox report. where will she resurface? after a verdict that sprung her from jail prompted this backlash. in minutes, the elaborate message to make casey anthony disappear from public view. plus, the terrifying home invasion at this u.s. congressman's house, that leaves him face-to-face with an armed intruder. and that's it, construction triggering carmageddon along the 405 in southern california finishing hours ahead of schedule, but way too late for this driver. the details behind this high speed chase that hit almost every other major l.a. highway. first, casey anthony, out there somewhere tonight, living her life. right now, no word of where or how. >> we hate you!. >> harris: protesters among those who gathered outside the orlando jail when the florida acquitted of murdering her two-year-old daughter caylee was set free. casey left jail this morning, her attorney, jose baez at her side. warrening a pink t-shirt, blue jeans and sneakers, said quietly th
. the indication that we're getting now is that this is a big deal, that this is going to be very large, and that everything is going to be on the table as far as bringing the corporate tax rates down, closing tax loopholes, but also cuts in entitlement programs, medicare, medicaid, possibly talking about social security and changing the way it works in the long term. these are big items that obviously could not get done legislatively before the august 2nd deadline. if there was some agreement reached between the leaders to raise the debt ceiling and agree to the framework by which they are going to tackle these big ticket items, that would be a significant thing. and it seemed like both parties were so far apart it will be interesting to see through the weekend if there can be some negotiated deal on a big framework. martha: it's interesting, bret because we've heard a little bit of what has come out of the preliminary discussions that vice president biden was part of. it seemed as though in those discussions they would talk big dollar figures although they wouldn't talk about specific
at this hour? that is the big question that people want the answer to. the lawyers were successful disguising where she went in the overnight hours. even the press not able to keep up with her. cameras shooting this video of casey anthony walking out of the front doors of the orange county jail at 12:11. wearing pink me low shirt, hair in a bun and the primary defense attorney jose baez right by her side. they got in a motorcade, a gray suburban, a cream colored tahoe and white follow-car and drove directly from the location to a bank of of america building in downtown orlando, not far from here, where her other attorney has an office. they went in covered parking garage and pulled a bait and switch. the suv never emerged from the parking garage, but others cars did and it's not clear which one that casey anthony was in. we can tell you around the same time there was police activity across town at a private airport. a private plane was fuelled up and ready to go on the runway, but nobody saw casey anthony boarding the aircraft. officials telling us it was scheduled to carry golfers vacationin
. >> and in box three: another big dust storm in arizona causing travel and power problems. "good morning america" that is all ahead unless breaking news changes everything. in "studio b" but, first, from fork at 3:00 in new york, 8:00 p.m. in london where a dramatic day wrapped up of testimony in the news of the world phone i would like to say one sentence: this is the most humble day my life. >>shepard: our boss measure doctor testifying today before british lawmakers about the controversy at our company's now defunct tabloid "news of the world," which is the parent company of fox news channel. he is telling a parliamentary committee he was shocked, appalled, and ashamed, when he heard allegations that employees of the paper hacked into the voice mail of a teenage murder victim. both he and his son, the deputy chief operating officer expressing deep regret. >> i would like to say how sorry i am and how sorry we are to particularly the victim's illegal voice mail interception and to their families. it is a matter of great regret of mine, my father, and everyone at news corporation and these are
scanners, that was big concern of people and also for some of the privacy advocates. jon? jon: yeah. and some of our chatters are wondering when this is going to hit the consumer market, you know, can i buy one of these things and scan anybody i want to? >> reporter: you know what, interesting? facebook is looking at it and google, also, to allow you to take a picture of someone and do an immediate google search to get any other information on them. so your chatters are up to speed, jon. jon: that is a brave new world. jamie colby, thank you. >> reporter: take care. jenna: breaking news of the day, and we have more big stories throughout the hour including a big rule anything the case of the former police sergeant who keeps losing wyomings. what -- wives. the case of drew peterson and how it could impact his murder trial. >>> also house speaker john boehner reworking his debt deal. this as the clock ticks closer to that default deadline. six days away, can a deal be struck in time? we'll go in depth just ahead.   you could save a bundle with geico's multi-policy discount. geic
, their expectations he cannot meet. president obama hats -- has been a big, fat disappointment in the arab world and now they view them less favorably than they did in the bush administration. overwelming majority felt obama hadn't full filled the promise of his speech in which he called for an end to suspicion and discord between the u.s. and muslim countries. but mostly they are upset over his handling with key mideast issues like palestinian states and michelle leaving "glee" and they viewed the u.s. less favorably since we killed osama bin laden. if only we can unkill him. we asked a couple of typical arabs to comment. >> i don't speak arabish so i don't understand. kevin, how are you, man? >> very good. how are you, andy? >> i'm good. >> this is kind of a big deal. >> he put a lot of stock into how the world views america. >> did he, really? what i really like is for the first time probably in living history we have the arabs, the persians in the west all agreeing on one thing, obama is doing a crap job. here is the presence of diplomacy if i have ever seen one for opening up dialogue. i do
it has not yet determined the cause of the spill. >>> big role in the 2012 elections the commanders in the forces in afghanistan as he prepares to take on a new challeng@@ >> fox news has learned a member of an al qaeda linked group has flown to new york today as after being interrogated for a few months. he was questioned by military personnel and was said to have provided useful intelligence. he was already charged in court. city council building north of baghdad left at least 356 people dead. the assault began with ka car bomb. it was followed by a roadside blast. a series of attacks as the iraqi government decides whether to keep some troops in iraq past the end of the year withdraw deadline. they postponed to give president obama limited authority against libya. britain's defense secretary says rebel forces to enter any time soon. it is a drawn out intervention there. heavy fighting was reported monday and today near the opposition strong hold. 11 people were killed. at least four of the troops killed. the man in charge of the u.s. war effort is on his way out. dominique has th
was a big month for american auto makers. cite her says -- chrysler says sales was up 30%. general motors and ford report 10% increases. toyota and honda were off more than 21%. home construction fell 2.1% in may. overall, construction spending was down .6 of a percentage point. it could be four years before the construction returns to healthier levels. manufacturerring activity was up a bit in june after the worth month in two years in may. stocks ended the week on a high note. dow gained 168.5. s&p 500 up 19. nasdaq finished up 2.5. >>> governors in two midwestern states find themselves under fire tonight. one for not getting a budget deal done and another for the budget dealhe did get done. correspondent mike tobin has that story from chicago. >> with protesters already outside his door, ohio republican governor john kasich dove deeper in controversy signing a budget that closes a $6- to $8 billion budget gap with deep and painful cuts. hardest hit are private nursing homes with a #% reduction in medicaid funding. the powerful ohio healthcare lobby responded with a dramatic add campaig
-word, default. >> uh-huh. >> the big elephant in the room is downgrades. people aren't talking about what happens if we downgrade. that affects everybody watching. >> i don't trust anybody saying this stuff. i don't trust the moody people. i don't even know who they are. all these people are lousy accountants. they've never been right. >> and also, who elected moodies and standard & poor's to guide this? the onus is on the house republicans. they did their job. they passed two things. they passed a 2012 paul ryan budget actually deals with the long-term structural issues we're all worried about, and they passed cut, cap and balance, which also deals with this. cut, cap and balance is the only plan out there that can stave off moodies and standard & poor's, and yet the democrats won't take a vote on it in the senate. >> the idea of a balanced budget amendment, it ain't going to happen. you made a good point. you may not have default in the traditional sense, and moody's said it's a problem, it's a downgrade issue. the downgrade will have an immediate impact on our borrowing power. >> absol
should be spending time to get americans back to work and fixing the economy. there is a big issue coming up with regards to the debt ceiling. president ought to be in washington meeting with republicans, meeting with democrats. he shouldn't leave that town until he has an understanding of what it's going to take to get this economy going again and deal with the fiscal crisis, but he is here raising money for a campaign. doesn't even have a primary opponent. >> gregg: might gop governors rally around mitt romney. he is lashing out at the current president? >> i think that is possibility. i think what you elude to, governors think that those from their ranks make the best president. you have heard a number of governors yet to endorse that idea they would like to see a governor as the nominee. they would like to see a governor as the next president. i think you have to wait a while until the field narrows or some things become a little clearer. at this point i just don't think there is enough reason for the vast majority of the governors to come together and endorse and pick a candidate. >>
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
: what is she encouraging him to do? what was her big policy? >> yes, back here. barbara? >> a big threat -- it's a big threat against israel. >> glenn: why? >> she is pushing what you call -- >> glenn: the responsibility to protect. what is that? this is why it's so hard. you're informed group of people. how many watch the show twice a week? easy. okay. you guys are an informed group of people. i notice you two didn't raise your hand. this is how they're succeeding. they're succeeding because first of all you look at this and you see all of the organizations and it's easy to say it's a conspiracy theory. when i say to you apollo alliance, most people don't know what it is. i say it's started by the tides foundation. the tides foundation really starts with george soros money and a bunch of other people. that started to change the tide in america. you probably know this better than i. started in the reagan administration to make sure the tide was changed in america. they were afraid. they said they have all the corporations. the right has all the corporations. how are we going to fight tha
that will be a big part of her legacy. while her death is a cause for sadness we know that organizations such as the betty ford center will honor her legacy giving countless people new least for life. she was public about her treatment for breast cancer and fund raising for hand capped kids and, kids say mother a mother's laughter enriched our lives and those throughout this great noigs. to be in her presence was to truly be in warmth of a truly great lady. under the martha graham performed at carnegie hall and went back to michigan and met gerald ford she says she probably wouldn't have married if she knew he wanted to run for congress. he of course went on to become president and mrs. ford made a lot of headlines for off color things she said about a variety of subject and her husband joked she was the ford family spokeswoman and here she is giving part of the concession speech after he lost the election to jimmy carter and then lost his voice. >> dear jimmy, it's apparent now you have won a long and intense struggle for presidency. i congratulate you on your victo victory. >> betty fo
this afternoon. here is the president in his weekly address. >> good news is we agree on some of the big things. we agree that after a decade of racking up deficits and debt, we need to get our fiscal house in order. we agreed that to do that both sides are going to have to step outside of the comfort zone and make some political sacrifices. >> reporter: but even if the key players reach a deal tomorrow, congress has to vote on the entire package. >> heather: you heard about this poor job numbers, they came out friday. how are they taking it? >> unemployment numbers surprised everyone. democrats say it shows that americans need some help from the government. republicans say that now is the not the time for a tax hike. here is the republican address today. >> the obama administration promised that stimulus would keep unemployment below 8 am. two and a half years ago it's 9% and still rising. that is unacceptable. america can do better. >> reporter: meaning the white house if they meet a deal the next few days if they are going to meet the august 2nd deadline. realistically it would take three we
of the midwest. >>> those power companies are asking people to conserve where they can. >> gregg: big question when can folks expect relief from this sticky heat. meteorologist maria molina in the extreme weather center? >> depending on where you live. in you live in the upper midwest or northeast you are expected to get relief. parts in the southern plains, oh man, texas and dallas, texas and triple-digits for days to come. parts in the southeast are not expecting any relief. northern parts, a cold front is going through the region but 95 in new york city. and it feels like 101 in new york. 106 is dallas, texas. so those dangerous levels of heat and humidity. there are a number of affected heat warnings out for those areas shaded in red also across portions of the midwest. that is where we could see heat index values up to 120 degrees. take a look at them from yesterday. 124 in wilmington, delaware and many other areas are looking at extremely high heat index values. throughout the great lakes it is going to produce some severe weather. as we head into tomorrow, it will look better but still
on and now the weather maps. big story the last couple of days has been a nonstory, tropical storm don became nothing, unfortunately. folks in texas hopes to get a big storm out of this and get some rain at least. the storm slowed up and they did not get the rain. across the eastern part of the country, across coastal areas, there was some rain but not too far inland but they will take anything they can get the entire state of texas is dealing with the worst drought they have ever had and now the radar, the eastern part of the country will deal with storms. it is hot. humid. we will see more storms this afternoon. texas unfortunately is not beginning to get much rain. in the northern plains, big storms, and some this afternoon, and they will be severe, keep that in mind, and across the west, we will continue to deal with storms cross the four corners. and now, everyone is excited about the state fair for the food and this year, those are doughnuts and a burger. and bacon. how is that for breakfast? take a bite. >> rick will be 20 pounds heavier by the end of the show. >> we will not be able t
, some real big news, actually, because speaker boehner, it seems, may have a plan that will come to fruition, before 4 p.m. this afternoon so that the asian markets aren't rattled and it will involve sort of a two pronged approach. >> yeah, but the most important part of the two step process clayton mentioned there's going to be a short-term extension involved and the democrats have objected to that, as you know, from the very beginning, the president, nancy pelosi, harry reid all three last night reiterating they will not support a short-term extension. so it appears we are playing with some serious fire on this sunday. >> what does john boehner do, comes up and hands over the paper work, they immediately say no. listen to this, thises what mitch mcconnell has to say about this. there is bipartisan agreement on the need to prevent fault and given the unprecedented size of the debt ceiling increase, the president is requesting, this is not an easy process. and the effort to prevent default while substantially reducing washington spending will continue. >> of course, all of the co
to be factored in as one big lie, the judge disagreed, jon. >> and the state also wants money from casey anthony when this is all over, right? >> hundreds of hundreds of thousands of dollars is my estimate is what could be levied against casey anthony, not only the cost for the six-month investigation, the searching, the following up of leaders, the interviewing, the trying to track down all of these imaginary people, plus the prosecution which has been quite costly over the past 2 1/2 to three years as they had to pay for a lot of lab tests, a lot of investigators, so the judge is going to rule on that financial burden that casey anthony is likely to be levied in about 30 days from now, and for the moment, though, bottom line, casey anthony is heading back to the orange county jail. jon: a lot of people thought the saga could effectively end today. it goes on. phil keating, from orlando, thanks. alisyn: fox news is america's election headquarters, congresswoman michelle bachmann is stepping up her campaign for president, releasing a new television ad in iowa today, the minnesota congresswoman u
is on, having a big rally today on capitol hill, and listen to what john mccain said on the senate floor quoting an editorial from the "wall street journal" on the editorial page. >> the tea party hob its could return to middle earth having defaulted the enemy. this is the kind of crack political thinking that turns sharron angle into g.o.p. senate nominees. the reality is the debt limit will be raised one way or another and the only issue now is with how much fiscal reform and what political fallout. >>reporter: that makes you wonder if it will take an elder statesman of both parties but someone like john mccain on the republican side, who is not in the leadership that has been meeting at the white house but outside the process, to say, look, folks, let's end the extremes and figure this out in the middle. >>shepard: thank you from the white house, ed. 62 percent of americans surveyed, an abc news poll from yesterday, say they want some combination of cuts, which are necessary, and revenues which are necessary. and no plan, not one, has that. not the boehner plan. not the reid plan, it
're doing. not getting a big reaction from that in the mainstream media. we're going to have a fair and balanced debate on that moments from now. >>> and we continue to keep one eye on this story, awful breaking news coming in the from norway after that bombs -- bombing earlier. now reports that a gunman went into a youth camp, and the wires are saying that a number of people have been shot in this incident. ambassador john bolton joins us now in three minutes on that story as an investigation is now underway following another deadly bus crash on our nation's roads as well. one person is dead, dozens more are injured, and we may be joined moments from now by the soldier who helped to save lives at this scene. he became a first responder. this is an incredible story, and we're trying to get a conversation with him going. we'll keep you posted on that. >>> also an ohio policeman under fire for a rant that was caught on his dash cam. did this officer overreact? the we're going to play that tape for you, you can see what you think. be right back, more "america live". >> what's the first
. >> it was a big vote in the house today, what's going to happen with your 401k on the outcome of that vote. >> we have to focus on gretchen's 401k. >> revealing all, gretchen? >> no. next on the rundown, who knew john mccain was a fan of "lord of the rings"? >> tea party hobbitts could return to mother earth. >> why he's turning on republicans, the tea party ones at least in the debt debate. >> and these two soldiers served together but did not come home together. now they are side by side at arlington national cemetery but their friendship lives on through an amazing story that both of their families are here to share and that's coming up. >> happy birthday, elizabeth berkeley! that actress turns 39 today. and i'll list her movies in the break. ♪ [ female announcer ] erybody loves that cushiony feeling. uh oh. i gotta go. [ female announcer ] and with charmin ultra soft, you can get that same cushiony feeling you love while still using less. charmin ultra ft has extra cushions that are soft and more absorbent. so you can use four times less versus the leading value brand. ah. [ femalennounce
. >> hi. >> my name is amanda, and i'm a big fan, i'm from iowa originally. >> nice. >> yes. [laughter] i'm an atheist, and in dangerousville, ohio, in 2008 you asserted that no organization receiving taxpayer funds would be able to discriminate in hiring or firing based on a person's religion. however, you have not rescinded the executive order that permits this type of discrimination. in a time of economic hardship when it's difficult for a person to get a job based on her skills, what would you say to a woman who has been denied employment because of her religion or lack of religious beliefs by a taxpayer-funded organization? >> well, this is a very difficult issue, but a more narrow one than i think might be implied. it's very straightforward that people shouldn't be discriminated against for race, gender, sexual orientation and/or religious affiliation. what has happened is that there has been a carve outdating back to president clinton's presidency. for religious organizations in their hiring for particular purposes. and this is always a tricky part of the first amendment. on the on
for what we are talking about. terror is a shadow and we are a big, adorable dog chasing a shadow? that made no sense at all. moynihan, time for a parade? >> really? time for a parade? like we defeated al-qaeda parade with blimps and balloons and things? you have actually a bad track record with things. >> it is not over you think? >> i don't know. i was going to say something bad about the cia, but he is right there. >> i just don't put a lot of stock in them. >> thanks for turning off your phone. >> calling the cia. >> what is the evidence of this beyond the bin laden killing. i was going to make some jokes, but i feel bad talking about al-qaeda. >> do you still worry about terror attacks? i do and i always will. >> absolutely. we cutoff the head of the snake. and i think it is a great symbolic blow, but we all know we are not out of the water yet. al-qaeda is not one group. they have grown to be a very radical general ideology. it has inspired all of these splinter groups and inspired all of the lone wolves. we need to remain vigilant. i think we need to do the physical warfare
big and spends too much and has taken away too much of our liberties. >> sean: why did you get into politics? when did you get involved? >> i got involved in 1998. my husband and i had five biological children also raising 23 foster children. >> sean: what was the most you had in the house at one time? >> we had nine kids in the house. >> sean: we have two kids. 23 foster kids. >> yeah. it was a great thing. we enjoyed doing it. i have a wonderful husband we've been married 33 years. we were doing care. i had been a united states tax litigation attorney. we started our own business. i was home fulltime taking care of these kids. i was surprised what i was seeing coming home in the backpack. we put our kids in private christian school, we home schooled. the state would not allow our foster children to attend private school. >> sean: why? >> it is what the law was. i saw a big different. i thought if anyone needed a leg up it was our foster children. i started getting involved in education reform in 1998. as a result, people urged me to run for the minnesota state senate. i did i
this from the beginning. it's an intriguing day. >> this is, it's a big day. >> dave: let's start with the defense. what can they do? is there anything they can stress that would perhaps save her life? is there any chance of a not guilty verdict in your opinion? >> i don't think there's any chance of a not guilty. i think the best they can do is to save her life. the defense made outrageous claims in opening, but went the other way with their defense and helped the prosecution and sputtered to the close and the rebuttal is the final knockout punch. >> clayton: is there enough for the death penalty? that seems to be the question. because premeditation is ultimately the linchpin and maybe that's taken off the table. >> i don't think so. although it isn't a sure fire went for the first degree. what happened here, i think, what you're going to have is that if jeff ashton, if he puts this together in the right way for the jury and really kind of shows them what they can disregard and why, i think they still have a great chance because the biggest thing for the first degree murder conve
is because he hasn't been tough enough, and there wasn't a big distinction between him and president obama, and he's showing that once again now. martha: all right. talk to me, you know, when you look at this politically, "the wall street journal" basically said this morning if tea party encourages its members and representatives on capitol hill to hold tight and not give any ground in this, they're basically handing the presidency to barack obama again in 2012. what say you? >> what are we talking about? are we talking about who's going to be our next president, or are we talking about fixing the problems that face america? we need to quit worrying about the next elections and worry about whether we're going to survive financially. and there are plans that could do it, there are other plans that can't, but nobody is looking at the overspending, looking at directly in the eye and saying we have to stop this. we spend over $4 billion a day in borrowed money. that's enough to build two and a half space shuttles a day. martha: wow. well, that's an eye-opener. jenny beth martin, thank you very
is likely to be recovered. no word yet on what caused that break. plus, big developments in the most urgent debate in washington, raising the u.s. debt ceiling. according to the u.s. treasury, time is quickly running out. if congress does not pass a bill to raise the nation's borrowing limit the united states will run out of money by august 2nd and possibly for the very first time in u.s. history, begin defaulting on loans. weeks of negotiations have failed to produce a deal and democrats want new taxes. while republicans oppose tax hikes, they want major spending cuts. yesterday, in his weekly address, president obama said everything has to be on the table, and today, republican lawmakers showed some willingness to accept a flurry of proposals, including eliminating some tax breaks. >> do we believe the tax reform is yes? i would say absolutely. there's not enough team to get this done between now and august the 2nd, but it ought to be the first thing we try to turn to to make our tax code more rationalnd eliminate tax expenditures and loopholes and actually make our nation more competitiv
party on capitol hill and would create potentially a big problem. >> jamie: i believe it hasn't happened since the civil war and it really would be monumental if he did go that way and you talk about what the president needs to understand, and what do you think our viewers need to understand, at this stage? >> well, you know, i could tell you a lot about that but i would tell the viewers, it is not just about mathematics and coming up with a balanced budget oration the debt ceiling or anything like that. this is really about the philosophical divide of the members that they have sent to washington. republicans for instance, are looking at this, as not just a way to come up with a palatable plan to raise the debt ceiling but a way to shrink the size and scope of government, which they feel went way out of bounds during the first couple years of obama's tenure and for democrats it is the same, in that as much as they understand that you cannot continue to overspend and the deficits are bad, they are trying to do everything they can to maintain a level of government we have now. and, protec
Search Results 0 to 40 of about 41 (some duplicates have been removed)

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